IN AUGUST 2020, ASBIS GENERATED 30-PROC. INCREASE OF REVENUE

ASBISc Enterprises Plc, a leading distributor of IT products on emerging markets of Europe, the Middle East and Africa, and producer of brands: Prestigio, Canyon and Perenio, according to the preliminary estimations, in August 2020 had consolidated revenues at the level of approx. USD 206 million, compared to USD 158 million in August 2019, representing an increase of approx. 30%.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented:“August is another month of growth in our revenues, which means that ASBIS is growing significantly in all markets in which it is present. We announced our financial forecast for 2020 assuming the realization of revenues between USD 2 billion and USD 2.2 billion. Seeing the results for August, the execution of the financial forecast is in line with our expectations.”

Siarhei Kostevitch added: “In August, we recorded sales increases in almost all of our product lines. Sales of smartphones and CPUs had the biggest sales increases. When it comes to countries, Kazakhstan, Slovakia and the United Arab Emirates had the highest growth dynamics in August. Poland has also shown very good development with a very high, 30% sales increase in August. The management team is preparing the company for the final quarter of the year, which is the most important in terms of revenues and profits, to make sure that our forecast will be realized.”

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992
E-mail iwona.mojsiuszko@8sensepr.pl

^{About ASBISc Enterprises Plc}

^{ASBISc Enterprises Plc is one of the leading distributors of IT industry products in the emerging markets of Europe, the Middle East and Africa (EMEA): Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa, combining a wide range geographical operations with a wide portfolio of products distributed in the "one-stop-shop" model.}

^{ASBISc Enterprises Plc is based in Cyprus and specializes in the distribution of computer hardware and software, mobile solutions, IT components and peripherals, and a wide range of IT products and digital equipment. The Company was established in 1990 and currently selling to 56 countries worldwide.}

^{The Group distributes products of many vendors, and manufactures and sells own brands products: Prestigio (smartphones, tablets, external storage,, GPS devices, car-DVRs, multi-boards etc.), Canyon (power banks, networking products and other peripheral devices), Perenio („IoT”).}

^{ASBIS has subsidiaries in 27 countries, close to 1,800 employees and about 20,000 customers. In 2019, sales exceeded USD 1.9 billion.}

^{The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS).}

^{For more information, also visit the Company’s website at www.asbis.com or investor.asbis.com}